Managing Director - Europe, Transition Management

Head of European Transition Management

BNY ConvergEx, a trading technology provider and global agency brokerage, has appointed Sam Lundqvist as its new head of European transition management.

Lundqvist, who was previously head of European, African and Middle Eastern transition management at Russell Investments, will begin his new role in September and will be based in ConvergEx's London offices.

...

Lundqvist succeeds Alex Johnstone, was has relocated to Johannesburg, South Africa to build ConvergEx's global transition management business throughout sub-Saharan Africa.

It is ultimately the clients that will determine how valuable the T-Charter is, not the transition managers who have drafted it, according to Sam Lundqvist, head of transition management, EMEA, at Russell Investment Group.While it does give clients an indication on what questions they should be raising with their transition manager, Mr Lundqvist also believes that the document does not go far enough.
"At the end of the day it's been talked about that it's going to be a level playing field, and that's part of the reason that this was produced.
Now, if it's open to wide interpretation because it's principle driven… is that a level playing field?
That's debatable," he says.

said Sam Lundqvist, head of transitions EMEA at Russell, "With direct exchange access we have access to all markets and countries as well as the same access to the investment banks' systems as their own traders enjoy."

...

"As long as the trading divisions remain the main source of income for investment banks the interest of the transition client will not coincide with those of bank," suggests Sam Lundqvist of Russell.He explains that since transition clients are infrequent users of investment bank services they will always lose out: "Who will get the best price on securities: the high paying hedge fund client who trades every day with the bank or the low-paying transition client who uses banks once or twice a year?"